Neighborhood · Longboat Key, Florida
Sleepy Lagoon
Bayfront living on Longboat's north end
12
Homes for sale
$3,497,500
Median list price
$1,269
Avg price / sqft
137
Median days on market
Sleepy Lagoon sits at the quiet northern end of Longboat Key, a neighborhood built around protected water where dock access and boat lifts are the norm rather than the exception. It's a low-key, residential stretch — no golf courses or gated entries here, just single-family homes on canals and bayfront lots within reach of neighbors like Long Beach and the Village at the island's tip. Most homes come with pools, and the pace is deliberately unhurried.
The market here is small and firmly at the top end: 12 active listings with a median list price around $3.5 million, running from $1.175M to $15M. Buyers should expect to move at the neighborhood's own rhythm — homes sit a median of 136 days, and over the past year 14 sales closed at a median of $1.6 million, with sellers netting about 93% of asking. If you're comparing options along the key, it's worth also touring Country Club Shores and Emerald Harbor for their own take on waterfront life.
Sleepy Lagoon is a community in Longboat Key, Florida.
Quick facts
$1,175,000 – $15M price range
3,321 sqft median home
$4,800/mo median rent
14 sold in 12 months
On the market now
Homes for sale in Sleepy Lagoon
$4,000,000
592 JUAN ANASCO DRIVE, LONGBOAT KEY
5 bd · 5.5 ba · 3,600 sqft
$1,175,000
616 LYONS LANE, LONGBOAT KEY
2 bd · 2.5 ba · 1,755 sqft
$1,895,000
523 JUAN ANASCO DRIVE, LONGBOAT KEY
4 bd · 3 ba · 2,899 sqft
$2,995,000$3,250,000
501 NORTON STREET, LONGBOAT KEY
5 bd · 3 ba · 3,042 sqft
$2,500,000
771 MARBURY LANE, LONGBOAT KEY
5 bd · 4 ba · 3,016 sqft
$4,290,000$4,390,000
761 NORTON STREET, LONGBOAT KEY
4 bd · 5.5 ba · 4,674 sqft
$1,295,000
550 DE NARVAEZ DRIVE, LONGBOAT KEY
3 bd · 2 ba · 1,758 sqft
$13,995,000$14,995,000
6489 GULFSIDE ROAD, LONGBOAT KEY
4 bd · 4.5 ba · 6,616 sqft
$2,495,000
640 LYONS LANE, LONGBOAT KEY
3 bd · 3.5 ba · 2,130 sqft
$4,295,000$4,495,000
530 DE NARVAEZ DRIVE, LONGBOAT KEY
4 bd · 5 ba · 4,106 sqft
$15,000,000
6603 GULFSIDE ROAD, LONGBOAT KEY
5 bd · 5.5 ba · 4,925 sqft
$8,925,000
630 DE NARVAEZ DRIVE, LONGBOAT KEY
5 bd · 5.5 ba · 4,591 sqft
Every active listing inside the Sleepy Lagoon boundary
Open full map search →Find your fit
Browse Sleepy Lagoon
By feature — on the live map
Where the market lives
The numbers that matter
The Sleepy Lagoon market
14
Sold, last 12 months
$1,607,500
Median sold price
93%
Sale-to-list ratio
What sellers actually get vs asking
54 days
Median time to sell
Sleepy Lagoon vs Longboat Key
Median list price
Price per sqft
Days on market
Median sold price — 3-yr, 3-mo rolling
▼ 11.7% yr/yr
Homes sold per month
Live Stellar MLS data — every listing and closed sale inside the Sleepy Lagoon boundary. Rolling medians smooth single-month swings in small communities.
For the school run
Schools Sleepy Lagoon is zoned for
Attendance boundaries overlapping this community — always verify zoning with the district.
What it really costs
Owning here
Owning the median Sleepy Lagoon home
≈ $20,079/mo
$3,497,500 median · 20% down · 30-yr fixed at 6.9% · taxes/HOA from live listing data · insurance is a Florida estimate.
$4,800/mo
Median rent
Homes for rent inside the boundary
Population
437
Median age
68
Median income
$130,791
Median home value
$816,296
Beyond the listings
Living in Sleepy Lagoon
Hobbies & Interests
Top 7% in the U.S.Wanderlust
Always thinking about their next destination, this population loves exploring new places abroad or right in their own backyard. They hold onto past trips by sharing their favorite memories and pictures year round.
Culture
Top 9% in the U.S.Sites to See
This population finds the most beautiful sites just by looking up. Sunrise, sunset or sometime in between, these people love to marvel at man-made and natural wonders.
Lifestyles
Top 17% in the U.S.Wealth Signaling
Interested in the finer things life has to offer, this population wants to display their lifestyle by discussing luxury products. Often references jewelry, cars, and home features.
Hobbies & Interests
Top 19% in the U.S.Natural Beauty
This population marvels at the beauty of nature, and they want to capture every breath-taking scene.
Appearance oriented
Top 19% in the U.S.Trend Trackers
This population lives as fast as the culture. They like to keep up with the latest trends, especially when it comes to apparel and accessories.
Relationships
Top 20% in the U.S.Love & Romance
Love is in the air when this population is present. Includes people expressing their feelings for significant others in special ways. Common activities include anniversaries and date nights.
Straight answers
Sleepy Lagoon FAQs
Is Sleepy Lagoon a good place to live?+
It's a quiet, water-oriented pocket on the north end of Longboat Key, where most homes are on canals or bayfront and nearly all have pools. The neighborhood skips the golf-course and gated-community feel, so it appeals to buyers who want a private, residential base close to the Village and beaches. Assigned schools include Anna Maria Elementary, Martha B. King Middle, and Bayshore High.
Is Sleepy Lagoon expensive?+
Yes — this is a top-tier stretch of the key, with a median list price of about $3,497,500 and all 12 active listings priced above $1 million. Prices run from $1.175 million to $15 million, and the average works out to roughly $1,269 per square foot. Nearby Dream Island offers another waterfront comparison at this level.
What do homes cost in Sleepy Lagoon?+
Currently listed homes span $1.175M to $15M with a median around $3.5 million, and a typical home runs about 3,321 square feet. Over the past 12 months, 14 homes sold at a median price of $1,607,500, so closing prices tend to land well below the ambitious upper asks.
How is the market in Sleepy Lagoon?+
It's a small, patient market: 12 homes are active and 14 sold over the past year, with a median 136.5 days on market. Sellers are averaging about 93% of asking, which tells you there's room to negotiate if you come prepared.
What about HOA fees and property taxes?+
There's no reported HOA in Sleepy Lagoon, which is unusual and keeps monthly carrying costs simpler than in gated communities. Property taxes run a median of about $17,286 per year, in line with the neighborhood's high-value waterfront homes. If you're weighing a rental instead, the median asking rent is around $4,800 a month.
Keep exploring
More Longboat Key neighborhoods
Neighborhood boundary by edgeAI; listings matched to the polygon. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
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